Amends the Federal Reserve Act to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate, for terms of five years.
Requires the president of the Federal Reserve Bank of New York to testify annually to certain congressional committees.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 176.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 251.
Introduced in Senate
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1032-1033)
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-5.
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